SolGold Shareholders Back Jiangxi Copper Deal, Boosting DGR’s Stake Value
SolGold shareholders have approved the recommended cash acquisition by Jiangxi Copper, a move that directly impacts DGR Global’s substantial investment in the company. Completion awaits court approval and further conditions.
- SolGold shareholders approve Jiangxi Copper’s 28p per share acquisition scheme
- DGR Global holds over 204 million SolGold shares, a significant stake
- Transaction completion pending court sanction and remaining conditions
- DGR committed to updating market on material developments
- Acquisition reflects ongoing consolidation in copper exploration sector
Shareholder Approval Signals Major Step Forward
On 23 February 2026, SolGold plc shareholders overwhelmingly approved the proposed scheme of arrangement for the company’s acquisition by Jiangxi Copper (Hong Kong) Investment Company Limited. The deal, priced at 28 pence per SolGold share, marks a significant milestone in the consolidation of copper exploration assets, particularly in the resource-rich regions where SolGold operates.
DGR Global Limited, a key player in resource exploration and development, holds a substantial stake of 204,151,800 SolGold shares. This investment positions DGR as a notable beneficiary of the acquisition, potentially unlocking value for its shareholders once the transaction is completed.
Awaiting Court Sanction and Final Conditions
While shareholder approval is a critical hurdle cleared, the acquisition’s completion remains contingent on court sanction and the satisfaction of remaining conditions outlined in SolGold’s scheme documentation. These procedural steps are standard in such transactions but introduce an element of uncertainty regarding timing and finalisation.
DGR has committed to keeping the market informed of any material developments as the process unfolds. Investors will be watching closely for updates that could influence the valuation of DGR’s holdings and the broader copper exploration sector.
Strategic Implications for DGR and the Sector
The acquisition by Jiangxi Copper, a major player in the global copper market, underscores the strategic value of SolGold’s assets and the growing interest in copper amid rising demand for electrification and green technologies. For DGR, this development aligns with its strategy of identifying and nurturing resource projects with strong long-term commodity outlooks.
As the transaction progresses, the market will be assessing how the consolidation affects competitive dynamics and exploration opportunities within the copper sector, particularly in jurisdictions with improving regulatory frameworks where DGR operates.
Bottom Line?
With shareholder approval secured, all eyes now turn to court sanction and the final steps that will unlock value for DGR’s significant SolGold stake.
Questions in the middle?
- When is the court sanction expected, and what conditions remain to be satisfied?
- How will the acquisition price impact DGR’s valuation and future investment strategy?
- What are the broader implications for copper exploration and consolidation in the sector?
